Detailed Single Year Tables

Description of Proposed Provision:
Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2021: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2014

13.95

12.67

-1.29

320

0.00

0.00

0.00

2015

13.97

12.92

-1.05

306

0.00

0.00

0.00

2016

13.97

12.89

-1.08

292

0.00

0.00

0.00

2017

13.97

12.91

-1.06

277

0.00

0.00

0.00

2018

14.02

12.93

-1.08

262

0.00

0.00

0.00

2019

14.15

12.95

-1.20

248

0.00

0.00

0.00

2020

14.33

12.96

-1.37

233

0.00

0.00

0.00

2021

14.50

12.98

-1.52

219

0.00

0.00

0.00

2022

14.73

13.01

-1.72

203

0.00

0.00

0.00

2023

14.99

13.03

-1.96

188

-0.01

0.00

0.01

2024

15.25

13.05

-2.20

171

-0.02

0.00

0.02

2025

15.51

13.07

-2.44

155

-0.04

0.00

0.04

2026

15.73

13.09

-2.65

138

-0.06

0.00

0.05

2027

15.95

13.10

-2.85

121

-0.08

0.00

0.08

2028

16.14

13.12

-3.02

103

-0.11

0.00

0.10

2029

16.29

13.13

-3.17

85

-0.14

-0.01

0.14

2030

16.42

13.14

-3.29

67

-0.18

-0.01

0.17

2031

16.52

13.15

-3.38

48

-0.22

-0.01

0.21

2032

16.60

13.15

-3.44

28

-0.27

-0.01

0.26

2033

16.64

13.16

-3.48

8

-0.32

-0.01

0.30

2034

16.66

13.16

-3.50

----

-0.37

-0.02

0.35

2035

16.66

13.17

-3.50

----

-0.43

-0.02

0.41

2036

16.64

13.17

-3.47

----

-0.48

-0.02

0.46

2037

16.60

13.17

-3.43

----

-0.54

-0.03

0.52

2038

16.53

13.17

-3.36

----

-0.61

-0.03

0.58

2039

16.45

13.17

-3.28

----

-0.67

-0.03

0.64

2040

16.35

13.16

-3.19

----

-0.74

-0.04

0.70

2041

16.24

13.16

-3.09

----

-0.81

-0.04

0.77

2042

16.14

13.16

-2.98

----

-0.88

-0.04

0.83

2043

16.03

13.15

-2.88

----

-0.95

-0.05

0.90

2044

15.93

13.15

-2.78

----

-1.03

-0.05

0.98

2045

15.83

13.14

-2.69

----

-1.11

-0.05

1.05

2046

15.74

13.14

-2.60

----

-1.19

-0.06

1.13

2047

15.65

13.14

-2.51

----

-1.27

-0.06

1.21

2048

15.55

13.13

-2.42

----

-1.36

-0.07

1.29

2049

15.45

13.13

-2.32

----

-1.44

-0.07

1.37

2050

15.36

13.13

-2.24

----

-1.53

-0.08

1.45

2051

15.28

13.12

-2.16

----

-1.61

-0.08

1.53

2052

15.21

13.12

-2.09

----

-1.70

-0.09

1.62

2053

15.15

13.12

-2.03

----

-1.79

-0.09

1.70

2054

15.09

13.12

-1.98

----

-1.88

-0.09

1.78

2055

15.05

13.11

-1.93

----

-1.97

-0.10

1.87

2056

15.00

13.11

-1.89

----

-2.06

-0.10

1.95

2057

14.96

13.11

-1.85

----

-2.15

-0.11

2.04

2058

14.93

13.11

-1.81

----

-2.24

-0.11

2.12

2059

14.89

13.11

-1.78

----

-2.32

-0.12

2.20

2060

14.85

13.11

-1.74

----

-2.41

-0.12

2.29

2061

14.81

13.11

-1.71

----

-2.49

-0.13

2.36

2062

14.78

13.11

-1.67

----

-2.57

-0.13

2.44

2063

14.74

13.10

-1.64

----

-2.66

-0.14

2.52

2064

14.71

13.10

-1.61

----

-2.74

-0.14

2.60

2065

14.68

13.10

-1.57

----

-2.82

-0.14

2.68

2066

14.65

13.10

-1.55

----

-2.90

-0.15

2.75

2067

14.62

13.10

-1.52

----

-2.98

-0.15

2.83

2068

14.59

13.10

-1.49

----

-3.06

-0.16

2.90

2069

14.55

13.10

-1.46

----

-3.14

-0.16

2.98

2070

14.52

13.10

-1.43

----

-3.22

-0.16

3.05

2071

14.49

13.10

-1.39

----

-3.29

-0.17

3.12

2072

14.45

13.09

-1.36

----

-3.37

-0.17

3.19

2073

14.41

13.09

-1.31

----

-3.44

-0.18

3.26

2074

14.36

13.09

-1.27

----

-3.51

-0.18

3.33

2075

14.30

13.09

-1.22

----

-3.58

-0.18

3.39

2076

14.25

13.08

-1.16

----

-3.64

-0.19

3.46

2077

14.19

13.08

-1.10

----

-3.71

-0.19

3.52

2078

14.12

13.08

-1.05

----

-3.77

-0.19

3.58

2079

14.06

13.08

-0.99

----

-3.83

-0.20

3.64

2080

14.01

13.07

-0.93

----

-3.90

-0.20

3.70

2081

13.95

13.07

-0.88

----

-3.96

-0.20

3.76

2082

13.91

13.07

-0.84

----

-4.03

-0.21

3.82

2083

13.87

13.07

-0.80

----

-4.10

-0.21

3.89

2084

13.83

13.06

-0.77

----

-4.17

-0.21

3.95

2085

13.80

13.06

-0.74

----

-4.24

-0.22

4.02

2086

13.77

13.06

-0.71

----

-4.31

-0.22

4.09

2087

13.75

13.06

-0.69

----

-4.39

-0.23

4.16

2088

13.73

13.06

-0.67

----

-4.46

-0.23

4.23

2089

13.71

13.06

-0.65

----

-4.53

-0.23

4.30

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2014 Trustees Report.

2014-2088

15.29%

13.82%

-1.47%

2033

-1.48%

-0.07%

1.41%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.